Referral Program
Earn rebates through the LPBASE refferal program.
The referral program of LPBASE is divided into two parts: one is the global "referrer-liquidity provider" relationship within the LPBASE ecosystem, and the other is the "referrer-trader" relationship specific to certain integrators, as trading-related data is isolated from each other across different integrators.
Referrer
Users can create a unique and exclusive referral code on any integrator to become a referrer, which needs to be confirmed on-chain. Once you've created your code, click the copy icon next to it to obtain your referral link.
Users can promote different integrators by sharing the "integrator website + referral code" link to earn referral rewards from each integrator. The referral relationship is established solely through the invitation link and cannot be manually entered or changed using just a referral code.
Referral Relationship
The referral relationship is established when the referred user completes a confirmed on-chain operation. Once confirmed on-chain, the relationship cannot be changed. There are four cases:
New users who directly access an integrator and complete an on-chain operation are marked as Trader and Liquidity Provider referred by that integrator itself.
New users who access an integrator via an invitation link and complete an on-chain operation are marked as Trader and Liquidity Provider referred by the invitation link owner.
Users already marked as Trader/LP of an integrator will not establish a new referral relationship, whether they enter a new integrator via an invitation link or not.
For users who already established a referral relationship on another integrator, when using a new integrator, the referrer as a liquidity provider remains unchanged, and the referrer as a trader on that integrator is either the integrator itself or the inviter if there was one.
Referral Rewards
Unlike most referral programs that only reward the referrer of traders, LPBASE also rewards the referrer of liquidity providers. The referral reward is calculated daily and issued as 5LP token. You can choose to claim or compound at any time.
Referrer of Liquidity Providers
The rewards for referrer of liquidity providers are calculated separately for each pool. The reward for each pool is 5% of all fees generated by the pool one day and is calculated based on the staked LP amount, weight, and boost multiplier at the end of the day.
For each pool,
Your rewards = 5% Fee from the pool * Your boost multiplier * Total staking points by liquidity providers referred by you / ∑(Staking points * Boost Multiplier)
e.g.:
Assume that there are a total of only 3 Liquidity Providers in a certain pool, and the fee generated by this pool on the day is $1,000.
Staked LP Amount
Weight
Referred by
Referrer Boost Multiplier
Liquidity Provider 1
10,000
1
User A
1.5x
Liquidity Provider 2
10,000
6
User A
1.5x
Liquidity Provider 3
10,000
6
User B
3x
∑(Staking points * Boost Multiplier)=10,000*1*1.5+10,000*6*1.5+10,000*6*3=285,000
Rewards for User A=5%*1,000*1.5*(10,000*1+10,000*6)/285,000=$18.42
Rewards for User B=5%*1,000*3*(10000*6)/285,000=$31.58
Referrer of Traders
15% of fees generated from the integrator will be given to the referrer of the traders on the integrator, which is calculated based on the points and boost multiplier at the end of the day.
For referrers of traders, they earn 1 trading point for every $1,000 in trade volume completed by their referred traders.
The insufficient trade volume is accumulated and calculated for the next day.
On each integrator, your rewards = 15% of fees generated from the integrator * (Your Boost Multiplier * Your Trading Points) / ∑(Trading points * Boost Multiplier)
e.g.:
Assume that on a certain integrator, only 5 users have made transactions. Their referrers and other specific information are as follows:
Trader
Trading Volume
Referred by
Referrer Boost Mulitpler
1
10000
A
2x
2
20000
A
2x
3
20000
B
3x
4
50000
B
3x
5
50000
C
1.5x
Assume that the total fees of the certain integrator on the day is $100.
User
Trading Points
Rewards
A
2*(10,000+20,000)/1,000=60
$17.39
B
3*(20,000+50,000)/1,000=210
$60.87
C
1.5*50,000/1,000=75
$21.74
Total
345
$100
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